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Are the people who are predicting a big economic crash right? Or are they just crying wolf? In this episode of the Friday Gold Wrap podcast, I explain why it’s hard to predict the exact timing of a crash even if you’re certain it’s on the horizon. I also talk about a couple of news items this week that caused the price of gold to yo-yo.
Topics Discussed
- Gold rallies when the Bank of Japan makes a surprising policy adjustment
- Gold sells off after better-than-expected weekly unemployed data.
- Why fixating on jobs isn’t the best way to gauge the health of the economy
- The difficulty in timing economic events
- How the run-up to 2008 looks a lot like today
Video Length: 00:27:05
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